Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being kindle –

Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities and not just economic incentives influence our decisions In , economist Rachel Kranton wrote future Nobel Prize winner George Akerlof a letter insisting that his most recent paper was wrong Identity, she argued, was the missing element that would help to explain why people facing the same economic circumstances would make different choices This was the beginning of a fourteen year collaboration and of Identity Economics The authors explain how our conception of who we are and who we want to be may shape our economic lives than any other factor, affecting how hard we work, and how we learn, spend, and save Identity economics is a new way to understand people s decisions at work, at school, and at home With it, we can better appreciate why incentives like stock options work or don t why some schools succeed and others don t why some cities and towns don t invest in their futures and much, much Identity Economics bridges a critical gap in the social sciences It brings identity and norms to economics People s notions of what is proper, and what is forbidden, and for whom, are fundamental to how hard they work, and how they learn, spend, and save Thus people s identity their conception of who they are, and of who they choose to be may be the most important factor affecting their economic lives And the limits placed by society on people s identity can also be crucial determinants of their economic well being

15 thoughts on “Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being

  1. Kris Als Kris Als says:

    Wasn t a big fan This is just another example of economists surprised by the value of sociological perspectives on their field Very few surprises for someone who deals with identity in this piece.

  2. Veronica C Veronica C says:

    A good book that guides the academic thought into something that seems necessary the inclusion of identity into economics Akerlof and Kranton well explain its relevance and draw a line from where to start for the development of a new economic

  3. Melanie Straughan Melanie Straughan says:

    Interesting read

  4. Philippe Korda Philippe Korda says:

    Prix Nobel d Economie, George Akerlof est pr sum savoir de quoi il parle Son dernier livre d veloppe une th se tr s int ressante au sujet de la fa on dont l identit fa onne les comportements conomiques, en fonction des normes et valeurs du groupe soc

  5. greg greg says:

    Found this tough to read, actually quite boring

  6. Enrique Maroto Enrique Maroto says:

    Identity Matters since its affects all aspects of our lives.Standard economic models based on perfect information and competition neglect powerful identity forces which explain why often actors don t maximize output.Why do poor and minority children don t te

  7. Elizabeth Ren Elizabeth Ren says:

    Really well written and easy to understand On top of that, the topics in this book are incredibly interesting and are things that are very important to understand how people behave today, and even how they will behave in the future.

  8. R. Fernholz R. Fernholz says:

    I must admit, even though I m definitely an admirer of Akerlof s work, I was fairly skeptical of this book going into it I figured it was worth the quick read Well, my skepticism turned out to be misplaced The book is well written, clear, and makes its case quite co

  9. Tahlia Tahlia says:

    This book did a good job explaining the effects of identity in today s economy It was a good read and explained very well why people act in certain ways I felt that it could have gone in to detail, though I felt the examples were a good way to explain it, like the chil

  10. C. Israel C. Israel says:

    The authors identify this field as nascent and so the book contains only hints of how far this approach can be taken I don t think it is over stating the case to say America and much of the world is in an identity economics recession The kind of validation the book describe

  11. Ralph Byrns Ralph Byrns says:

    Brilliant Akerlof and Kranton convincingly challenge the economic assumption De Gustibus Non Disputandem per Gary Becker that tastes are a given, outside the province of economics An easy and insightful read.

  12. Brian Needham Brian Needham says:

    This book is correct in what it is proposing, but it comes across as an article that was lengthened and published as a book to try and make money out of the concept.Disclosure I am earning my Masters in Health Administration as well as my Masters in Business Administration I read

  13. B_Hann B_Hann says:

    Very readable and approachable book It so nice that Economics is beginning to see the effects of culture in their work Great read.

  14. Justin Justin says:

    Economics has been going through an exciting transition It was once known as the emperor of the social sciences back when the hyper rational school of neoclassical economics was ascendant Then psychologists and other empirically minded social scientists began to look at how real people ma

  15. Oliver Montas Oliver Montas says:

    Very interesting read, although a bit shallow Is like an invitation to follow Akerlof s further scientific and academic work Highly recommended.

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